Southern Empire Resources shares surged 40% on Monday on heavy trading volume, reaching C$0.07.

Southern Empire Resources (CVE:SMP) shares jumped 40% on Monday, reaching a intraday high of C$0.07, driven by a surge in trading volume to around 370,000 shares—over six times the average. The company, focused on North American gold and mineral exploration, rebranded in 2018 and now has a market cap of C$4.83 million. Despite a negative P/E ratio and flat moving averages, the stock's sharp rise has drawn attention, though no specific reason for the surge was provided.